Indian crude basket declines below $100 a barrel

The international crude oil price of Indian Basket as computed by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went down to US$ 97.66/barrel (bbl) on 17.04.2013. This was lower than the price of US$ 97.90/bbl prevailing on the previous trading day of 16.04.2013.

The crude oil price in rupee terms also, declined to Rs 5267.78/bbl on 17.04.2013 as compared to Rs 5318.91/bbl on 16.04.2013. This was due to rupee appreciation. Rupee dollar exchange rate on 17.04.2013 at Rs 53.94/US$ against Rs 54.33/US$ on previous trading day of 16.04.2013.

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